Capitol Heights
REAL ESTATE
Billionaire Dan Snyder Seeking $60M for DC-Area Estate With Ties to George Washington
A grand estate in Alexandria, Virginia with historic ties to George Washington has returned to market, seeking a new owner to steward its storied legacy. Sitting on 16.5 acres of Washington’s original Mount Vernon holdings, the property provides a glimpse into the first president’s agrarian ideals. Completed in...
It’s Been a Wild Week for Washington’s Ultra-High-End Real Estate Market
It’s been quite a a week for real estate in the DC area—if you happen to have several million dollars lying around. Just in the last few days, the residences of former Commanders owner Dan Snyder and late diplomat Esther Coopersmith appeared on the market, joining a handful of other big-ticket properties that went up for sale in June. Here’s a rundown:
New Affordable Housing in Arlandria Moves Forward
A project to raze a garden apartment community and replace it with a larger development on Elbert Avenue in the Arlandria neighborhood is moving forward. City Council on Saturday will be voting on a request for a loan of $3,475,000 and a pilot rental subsidy grant of of $350,000 to Community Lodgings, Inc., which will help move forward an application for Virginia Housing Opportunity Tax Credits.
NAI Michael Cos Breaks Ground on $1.3B MXU in Bowie
NAI Michael Cos. has commenced construction on the $1.3 billion South Lake development in Bowie, Maryland, Washington Business Journal reported. This 3.6 million-square-foot mixed-use project will feature 1,600 residences and a $400 million commercial component, South Lake Marketplace, adjacent to Liberty Sports Park. The sports park draws 344,000 attendees annually.
Wickey and Aubuchon of SCRE broker leases for Terra Gaucha
Stamford, CT Exclusively representing Terra Gaucha nationwide, Penny Wickey and Laure Aubuchon of Saugatuck Commercial Real Estate (SCRE) have arranged new signed leases in Omaha, Nebraska and Rockville, Maryland. In Rockville, Terra Gaucha will be joining Wegman’s in Phase I of a nine-phase development project. Terra Gaucha’s first restaurant...
Just Listed in Alexandria
Just Listed highlights Alexandria City properties that came on the market within the past week. This feature is sponsored by the Jen Walker Team (Licensed in VA) of McEnearney Associates REALTORS®. Welcome Back!. Jen Walker here with The Jen Walker Team! We have been recently lauded with the #1...
Return to Lender: Week of June 27, 2024
Brookfield Asset Management has taken title to a 290,835-square-foot office property at 1200 New Hampshire Ave. NW in Washington, DC, through a deed-in-lieu of foreclosure, reported Trepp. The property was owned by BGO, the former BentallGreenOak, which had purchased it in 2018 for $174.5 million. BGO funded its acquisition with $123 million of financing from Citigroup. That loan, whose most recent balance was $70.8 million, was sold to Brookfield last April.
Grosvenor Estate Moon Tree
Passersby could be forgiven for overlooking the tall loblolly pine a few hundred feet south of Grosvenor Lane in Bethesda, Maryland. After all, the sole indication that it’s anything more than a stately conifer is a worn wooden plaque at the base marked only with the number 12. As a matter of fact, this specimen is one of the “moon trees” grown from seeds carried on Apollo 14, deposited here among care homes and condominiums by the unexpected history of the location where it stands.
2024 Ones to Watch - Rising Stars: Andrew Hayward, Affordable Housing and Services Collaborative
“Andrew is definitely a rising star in affordable housing. He has a genuine enthusiasm for multifamily development that is refreshing to be around. He is self-motivated, highly productive, and has learned more in three years than many do in a decade!” - Michael Mattos, President and CEO at Affordable Housing and Services Collaborative.
Freddie Mac says average rate on a 30-year mortgage fell to 6.86% this week, the lowest level since early April
McLEAN, Va. (AP) — Freddie Mac says average rate on a 30-year mortgage fell to 6.86% this week, the lowest level since early April. Stay connected with the most up-to-date coverage of the stories that matter. Tune in to WBAL NewsRadio for real-time updates and in-depth analysis. Listen at 1090AM, FM 101.5, wbal.com, or through the WBAL NewsRadio app. Stay informed, stay ahead.
Local REALTORS® Support The Boys & Girls Clubs of Annapolis and Anne Arundel County
Severn, Maryland – On June 13th, members of the Anne Arundel County Association of REALTORS® (AACAR) presented the proceeds from their latest committee fundraising project to The Boys & Girls Clubs of Annapolis and Anne Arundel County. The vision of AACAR’s Equal Opportunity and Cultural Diversity (EOCD) Committee...
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